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Restriction of Gift Holdover Relief for shares in a Personal Trading Company

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Restriction of Gift Holdover Relief for shares in a Personal Trading Company

  • This topic has 3 replies, 2 voices, and was last updated 7 months ago by JillyB.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • September 21, 2024 at 8:33 pm #711626
    Maimoona5998
    Participant
    • Topics: 9
    • Replies: 10
    • ☆

    There is a restriction on gift relief for the non-business assets in a Personal trading company.
    I.e., (total gain) * (MV of CBA) / (MV of CA)

    Why do we not include goodwill in CA and CBA, when it is not exempt for CGT purposes? Is this because goodwill itself relates to the whole company?

    Best Regards

    September 23, 2024 at 9:49 am #711655
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    You’re making it too complicated.
    Goodwill is rarely if ever asked about in these questions.
    If you understand the rule as it is and can answer the questions then you’ll be fine for TX
    Keep it simple

    September 23, 2024 at 12:59 pm #711661
    Maimoona5998
    Participant
    • Topics: 9
    • Replies: 10
    • ☆

    Okay. Thank you.

    October 1, 2024 at 4:00 pm #712007
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    no worries

  • Author
    Posts
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